CMS Energy Corp. (CMS) reported earnings for its first quarter that rose from last year.
The company's bottom line totaled $349 million, or $1.21 per share. This compares with $243 million, or $0.85 per share, in last year's first quarter.
Excluding items, CMS Energy Corp. reported adjusted earnings of $348 million or $1.21 per share for the period.
Analysts had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.8% to $2.08 billion from $1.86 billion last year.
CMS Energy Corp. earnings at a glance:
-Earnings (Q1): $348 Mln. vs. $245 Mln. last year.
-EPS (Q1): $1.21 vs. $0.86 last year.
-Analysts Estimate: $1.14
-Revenue (Q1): $2.08 Bln vs. $1.86 Bln last year.
-Guidance:
Full year EPS guidance: $2.83 - $2.87
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